an extremely busy week we continue to see earnings roland here in germany we're expecting volkswagen deutsche bank which investors are going to be watching closely for updates on restructuring we're also looking at the fed meeting on wednesday where the fed is expected to cut interest rates and also you know the continuation of and to read out the we us jobs report where jobs are expected to job growth is expected to slow. busy people like you or me thank you very much shows the dilemma in front of. and to some of the other global business stories making headlines today europe's largest lender has p.c.'s said that its profits slipped 18 percent to $4800000000.00 in the quarter and want to further headwinds the bank has its headquarters in london it earns most of its profits in hong kong which has been crippled recently by widespread demonstrations since. french luxury goods group. reportedly offered $14500000000.00 u.s. dollars for jewell a tiffany the financial times reports that the owner of louis we told made the offer for the iconic u.s. company earlier this month tiffany is expected to reject

we also have a ton of earnings coming up here here in germany we have buyer volkswagen and deutsche bank which is going to be really closely watched because they're also dealing with this restructuring program in the u.s. a lot of big u.s. u.s. tech giants facebook alphabet and then to sort of wrap that up we have the fed on wednesday which is expected to cut rates and to the u.s. jobs report so a lot to look forward to. a busy week for you and me thank you very much charles the delay in france and now to some of the other global business news making headlines today french luxury goods group v.m. age has reportedly offered 14 point $5000000000.00 u.s. dollars for the u.s. jeweler tiffany the financial times reports that the louisville we don't own up made the whole national office for the iconic u.s. company earlier this month tiffany is expected to reject the bid. space tourism is about to go public in a few hours investors can trade shares of virgin galactic on the new york stock exchange for the 1st time since its founding in 2004 virgin galactic has raised more than $1000000000.00 to

deutsche bank at the bottom. mixed reaction to those numbers. utilities. telco trading higher auto is significant basket today too with the likes of volkswagen that stock surging 7% let's go to the volkswagen news. it has cut its numbers despite reporting 11.2% rise thanks to strong demand for porsche. adding to gains. 6% higher for stock now. the group needed to be efficient amid weaker global auto demand >> you need to measure inventories. we will continue to focus on that that is also very relevant got to have your act together and process that and on the factories to still live up to the commitments we have in the books. it is a tough environment. with our products, we feel prepared but we know the reality. >> on top of those conversations about volkswagen's own execution strategies as we talk about the rivals we'll play more of that interview and hear more about the transition taking place. let's get to chrysler reaction we are seeing. we have confirmed we are in talks with the major they have reported a merger of equals is being discussed. the share price is a reaction. around 7% higher look at that one stock you might have wished you had vested in. 43%

deutsche bank suffered a setback in its turnaround plan. and the $49 billion dream. two car companies talk about a merger while volkswagenion. the phrase markets are waiting if chair powell will signal a pause or cut. welcome to "bloomberg daybreak" on this wednesday, october 30. a very busy day lined up for you. equity futures are pre-much flat. are pre-much- flat. -- rp much flat. sb futures reporting today.

deutsche bank suffered a setback in its turnaround plan. and the $49 billion dream. two car companies talk about a merger while volkswagen warns of a challenging market. in sustaining the expansion. the phrase markets are waiting if chair powell will signal a pause or cut. welcome to "bloomberg daybreak" on this wednesday, october 30. a very busy day lined up for you. equity futures are pre-much flat. are pre-much- flat. -- rp much flat. sb futures reporting today. -- rp much flat -- are the much flat. s&p futures reporting today. credit suisse's third-quarter results bringing relief to the bank's reputation that was dented by a spying scandal. bloomberg's francine lacqua spoke to the ceo. negative interest rates are not helpful to the banking sector. everyone can see that. it will have to change at some point. alix: joining us from zurich is francine lacqua. walk us through some of the highlights of the interview. francine: first of all, the numbers topline weren't bad at all, but if you double down and look at the detail, some investors were maybe a little disappointed on the margin when it comes to wealth. the global